Global Ocean Logistics India is launching its initial public offering this week. The freight forwarding firm aims to raise Rs 30.41 crore through a fresh issue of shares. The IPO is priced between Rs 74 and Rs 78 per share. Proceeds will fund working capital and general corporate needs.Read More

Shipwaves Online is set to list on the BSE SME platform today with no grey market premium, indicating muted investor expectations for immediate listing gains. The company’s Rs 56.35 crore IPO, which closed on December 12, offered shares at Rs 12 apiece.Read More

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.Read More

Vedanta’s demerger plan has received formal approval from the NCLT. This will create five separate listed companies. Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, and Vedanta Iron & Steel will become independent. The residual Vedanta Limited will house Hindustan Zinc. This move aims for sharper focus and independent capital access for each business.Read More

Protean eGov Technologies is set to gain investor attention after announcing its acquisition of a 4.95% stake in NSDL Payments Bank. This strategic move aims to bolster Protean’s digital financial infrastructure, fostering partnerships and developing scalable solutions for underserved segments. The collaboration leverages NSDL Payments Bank’s digital-first platform to expand Protean’s reach in citizen-centric financial...Read More

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Aditya Birla Sun Life Nifty 50 ETF has outperformed its benchmark by nearly 12% this financial year, a feat achieved by strategically tendering shares into a buyback at a premium. This “passive-plus” approach, also benefiting its Nifty IT ETF, aims to offset fees and generate incremental alpha for investors.Read More

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The Nasdaq closed higher Tuesday, while the S&P 500 and Dow declined as investors assessed economic data for the Federal Reserve’s policy outlook. Nonfarm payrolls saw a modest increase, but the unemployment rate rose. Investors are now pricing in significant interest rate cuts for next year.Read More

Oil prices surged Wednesday following President Trump’s order for a complete blockade of sanctioned Venezuelan oil tankers. This move, aimed at increasing pressure on President Maduro, introduces fresh geopolitical concerns amid existing demand worries. The blockade could impact significant daily oil volumes, potentially boosting prices. The U.S. has recently intensified its campaign against Venezuela’s oil...Read More